China Medical Tech - The Formation of Triangle

This stock caught my eyes when screening for 4G1R signal.

• Downwards trendline drawn by connecting the higher low level at $46
• Support level of $36 thereabout.
  

Looks like a formation of descending triangle, this will be confirmed if it breaks $36. If yes, this stock will be trending to the Downside. Added this stock into watchlist to monitor for the chance to SHORT.

Trading rules reminded by my sifu yesterday :-

1) If trending based on chart formation, do not enter the trade before the confirmation appears.

2) Even when 4R1G signal appears, if MACD shown divergence, give this stock a miss.